Los Angeles daily herald., 1887-08-24
THE BIG HOTEL.
The Meeting Held Yester-
day Afternoon.
THE 100000 RAISED.
The Committee Reports and Fur
ther Preliminary Steps Taken
Toward the Enterprise

Yesterday the nam hall OF tne board
of Trade rooms was filed with inter-
ested citizens to hear the report of the
committee ON the big hotel scheme.
The meeting was called to order by
the chairman, c. L. Day, and at his
request A. NJ Lawrence, the secretary
read the report of the previous meet
ing. The particulars of this are al
ready public. Colonel Boyce, the
secretary of the committee, was not
present, and Judge j. l. Reidick hav-
ing explained the reason ofhis absence
and announced that he would be
on the floor in q short time,
went on to state verbally
that the $l00,000 contemplated in the
first series of stock for the hotel was
all raised, or substantially SO. The
speaker further stated that in only one
case was any citizen approached whom
the committee thought should help,
were they met by refusal.
81 never" said Mr.. Reddick, met
a more liberal lot of men. All we had
to do was to state the object of our
visit, and Immediately the gentlemen
put their names to the paper. One
person who could afford to give $50, 900
would not give Il dollar, excepting on
condition thatNhe hotel should be put
on site which he would select"
Judge Reddck further said that the
committee rad been aided in its work
very much by many of the citizens,
especially by Mr.. NJ. l.. Wicks, Esq,
and by Mr.. Eugene German.
The reference to the man who
would not give called Mr. John Bry-
son, Sr. The Judge at once disclaimed
any reference TO Mr. Bryson, saying:
"Why, you gave your $1,000, all you
We're asked to give, and all any per-
son was allowed to give" He also
gave the name of the person to whom
he had reference, and said that one
wished to dictate that the site should
be selected on Brooklyn Heights
Said Judge Reddick "There is per-
haps $500 lacking of the 500, 900, and
am sure if it is necessary Mr.. Bry-
son will be the first to make that up"
Mr.. Bryson referred to the service
he had done two towns in Iowa in his
younger days; said he had come here
with the intention of retiring from ac-
tive business, but in spite of such in
tention he had erected some of the
city, and stated that he is now prepar-
ing for the erection OF absolutely the
finest block in Los Angeles.
While the assembly was still wait
ing for Colonel Boyce, the secretary
read a communication from A. w.
Edelman, offering to draw all plans of
all sorts, and all working drawings,
and superintend the erection of the
hotel for per cent of the cost of the
edifice, hall of the amount to be paid
him in cash and the other half in stock
in the enterprise. The matter was re-
ferred to the subscribers to the $780,
600 fund.
DR.. Burks came forward with a for
nal proposition to give the hotel pro-
iectors fifty acres of land at the ter
minus of Temple street, and to have
the Temple-street cable road extended
to the spot, on condition of an agree
ment to build $400, 900 hotel on the
site. He stated that the land is now
worth $4,000 per acre, or 500, 900 for
the fifty acres, and that the cost OF ex-
tending the road would be to him
$4,000; in other words, he offers
$4,000 to have the hotel put on his
place.
DIR. Burks, who owns $50 acres of
land in that vicinity, later informed
the HERALD reporter that syndicate
is all but formed to build a mammoth
hotel at that point. Operations are
likely to be begun at once, and to meet
the expenses of the enterprise the
intention is to offer lots around
the site at low price and on easy
terms. The homestead distribution
plan will probably be tried in this
scheme.
THE COMMITTEE REPORTS.
Col. Boyce at length arrived with
the report of the committee. He
stated that it had been his desire to
present to the meeting subscriptions
to the full 100000, but that several
persons whom he knew would put
their names on the list he had not
been able to see. He had spent the
last moments of his time III this di-
rection, which fact he hoped would be
taken as an excuse for his tardiness.
He then read the following report,
embracing the subioined list OF sub
scriptions:
To the Subscribers to the Capital Stock
ofa S40O, 900 Hotel:
GENTLEMEN-Your committee APP
pointed to secure subscriptions to the
capital stock of a proposed hotel, beg
leave to report:
First-That in circulating among
the people and obtaining their views
we found an almost universal senti-
ment in favor of the building in this
city of a magnificent hotel which
should be the equal to anything on
the Pacific coast, and we found the
business men ready to subscribe
cheerfully.
Second--Subscriptions to the first
series of 800, 900 were limited to $1,000
from each person, and it was, there
fore. necessary for the committee to
personally see large number OF peo-
Third-It is recommended that the
present stockholders proceed to adver-
tise for the next five days for proposals
for the location of the hotel, with the
confident expectation that not less
than 100000 will be offered by the
property owners near the site to be
chosen.
Fouth-It seems to be the general
desire of those who have subscribed
that this first series shall be repre-
sented by bonds to be issued by the
Hotel Company when the same shall
have been fully organized.
Fifth--The committee was ably as
sisted by Messrs. Chas. Il. Day, Nj. l..
Wicks and others.
Sixth--Yourc committee present here
with the original subscription book and
a duplicate list of names of stock
holdars and report that the amount